2013-01-30 — /travelprnews.com/ — Further to Ryanair’s Q3 results announcement issued today (Jan 28), the following is an update in relation to the Aer Lingus offer:
Ryanair’s CEO Michael O’Leary Said:
“Ryanair has submitted a radical and unprecedented remedies package to the EU in support of its offer for Aer Lingus. We believe these remedies address every current Ryanair\Aer Lingus crossover route and all other competition issues raised by the Commission in its Statement of Objections. The remedies involve two upfront buyers each basing aircraft in Ireland to takeover and operate a substantial part of Aer Lingus’ existing route network and short-haul business. This will be the first EU airline merger which will deliver structural divestitures and multiple upfront buyers. We look forward to completing our offer for Aer Lingus subject to receiving approval from the EU competition authorities in early March”.
For further information please contact:
Howard Millar
Ryanair Holdings plc
Tel: 353-1-8121212
www.ryanair.com
Joe Carmody
Edelman
Tel: 353-1-6789333
This announcement does not constitute an offer or an invitation to offer to purchase or subscribe for any securities.
The directors of Ryanair and Coinside Limited accept responsibility for the information contained in this announcement, save that the only responsibility accepted by the directors of Ryanair and Coinside Limited in respect of the information in this announcement relating to Aer Lingus, the Aer Lingus Group, the directors of Aer Lingus and persons connected with them, which has been compiled from published sources, has been to ensure that such information has been correctly and fairly reproduced or presented (and no steps have been taken by the directors of Ryanair or Coinside Limited to verify this information). To the best of the knowledge and belief of the directors of Ryanair and Coinside Limited (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.
The source of information in relation to the IAG acquisition of BMI, to Air France-KLM’s acquisition of a 25% interest in Alitalia and to Lufthansa acquisitions is as previously stated in the Offer Document issued by Ryanair dated 17 July, 2012 . The source of information relating to Aegean Airlines and its proposed merger with Olympic Air is the announcement issued by Aegean Airlines dated 22 October, 2012 and the source of information relating to the sale of TAP is the announcement issued by the Portuguese government dated 18 October, 2012.